U.S. budget negotiators unveiled an agreement to ease automatic spending cuts by about $63 billion over two years and reduce the deficit by $23 billion, breaking a three-year cycle of fiscal standoffs.
Leaders of several Jewish and pro- Israel groups briefed on the Iran nuclear agreement by the Obama administration indicated they’re willing to give it time before pressing for new sanctions against the Iranian regime.
President Barack Obama urged the Republican-led U.S. House to pass changes to immigration law, focusing on an issue that may benefit his party as the flawed rollout of his health-care law hurts his popularity.
Global investors’ confidence in President Barack Obama plunged during the past two months after the government shutdown, a new poll shows, even as stocks traded at record highs and bond yields remained near historic lows.
The biggest risk to equity markets and the economy in 2014 is dysfunction in Washington, following the strongest year in American stocks in a decade, according to CBOE Holdings Inc.’s William Brodsky and Ariel Investments LLC’s Mellody Hobson.
Consultants hired by the Obama administration told top officials at the White House and U.S. health department as early as March that construction of the government’s insurance website was at risk of failure, according to a document released by congressional Republicans.